Ashaya Sharma

Announcing TERAFAB: the next step towards becoming a galactic civilization twitter.com/i/broadcasts/1…

Today I'm excited to announce that @GetOpal has raised a $6M Seed round in just 4 hours. Our first angel, @ianwcrosby, made one call on my behalf when I moved to San Francisco. That call changed everything. I moved to SF on October 17th. The next morning, my phone rang. @xuezhao from @BasisSet was on the other end. I’d never met her before. She said: "Ian tells me I need to meet you immediately. Can we go for a walk tomorrow?" We lived five blocks apart. The walk was supposed to be one hour. We ended up walking for four. She was asking questions to get to know me as a person. Feeling me out for one thing: Am I the kind of founder crazy enough to build a credit card company with no finance degree and no banking connections? By the end of the walk, we had agreed on terms. Today, Opal is announcing our $6M seed round, led by Basis Set, with participation from Founders Co-op, Ian Crosby, and Adam Orser. We didn't start as a credit card company. But our customers told us we had to be. Here's what we've built: - A Visa credit card built exclusively for ad agencies and the brands they manage - Credit limits that reach seven figures - underwritten on managed ad spend, not agency revenue - 1%+ cash back on all ad spend - A fraud system that actually understands ad spend, so Google and Meta charges never get flagged and kill your campaigns Traditional banks look at an agency's revenue and give them a $50K limit. We look at the millions they manage for clients and give them what they actually need. To Lan Xuezhao and the team at Basis Set - thank you for betting on this on day two. To Ian Crosby - you opened a door I didn't even know existed. None of this happens without you. To the Opal team - you're building something that doesn't exist anywhere else. That takes a specific kind of crazy. I'm grateful for every one of you. If you run an ad agency and your credit limits are costing you - reach out. We built this for you.

@leejooca @NovusOrg @ashayasharma @AlexanderTw33ts nulldown.app be my day 1